JOB AND BUDGET QUESTIONS: Economy Adds Fewer Jobs Than Expected - WSJ.com
One does miss having a couple of questions answered in all of these articles?
1) How much capital does it take to fund a new job these days (on average)? The greater the breakdown the better. But when one looks at the capital investment charts, which are way down, it's hard to see any sign of coming up with more jobs.
2) Of course also of interest would be statistics that breakout the gross vs. net cost of employment based on government mandates, etc. Since these costs vis-a-vis government are only going up, the gross production required of an employee has to also have been going up.
3) And, of course, one has to look at the net return from outsourcing or using technology to replace labor in the US. This is glossed over but not good for US employment. Thus, if a company doesn't have to employ in the US, it probably won't.
4) So, a further breakdown should/could look at how to create jobs that cannot be outsourced.
5) Since we all know from the media that local and state governments are strapped; but, that they also are overpaying and over-benefiting their employees, it would be interesting to see enumerated the savings (read: tax reductions) that could be had by equalizing government total pay and benefit packages to comparable private sector employment. Is a 20-30% tax cut a reasonable number?
6) If a family's income goes down, a lot of previous items in a family budget also get cut. With social programs and entitlements (plus the drug war), the liberals seem to have convinced society that all of these programs are sacrosanct. Well, they wouldn't be if paid for like a family budget. Things would be cut.
Clearly if we want to have jobs come back to the US, all of the above need to be addressed and put on the table.
Friday, January 7, 2011
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